CHAPTER 5 – RECORDING ACTUAL INCOME AND EXPENDITURE Example
Using the following information, prepare an analysed cash book for the McDermott household for November 2016.
November 1 Opening cash balance 1 Opening bank balance
2 Received Child Benefit into bank account 3 Paid for groceries from bank account 5 Paid for petrol in cash
7 Received wages into bank account
10 Paid cable TV subscription from bank account 12 Withdrew cash from bank account 15 Donated cash for charity cycle 17 Paid for groceries using bank card 23 Lodged cash into bank account
26 Paid home insurance from bank account 28 Paid for petrol in cash
29 Paid for electricity from bank account DR Date 2016 1/11 Balance
2/11 Child Benefit 7/11 Received wages 12/11 Cash
Details
F Cash Bank Wages Child Ben. Date
€€€€
b/d 300 480 140
1,350 1,350 C 80 23/11 Lodged cash to bank C 100 3/11 Groceries 140 5/11 Petrol 10/11 Cable TV subscription
12/11 Withdrew cash from bank C 15/11 Charity cycle 17/11 Groceries 23/11 Cash
